Global Gas Separation Membranes Market Growth to Gain Traction by a CAGR of ~6% throughout 2022 – 2030
The global gas separation membranes market is estimated to occupy a sizeable revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030, owing to the escalating demand for membranes in carbon dioxide separation processes, and high cost-effectiveness of this technology. Apart from these, growing demand for biogas worldwide and spiraling concerns associated with global warming are also expected to drive market growth in the coming years. The global gas separation membranes market is segmented by material type and application. Based on material type, the polyimide & polyaramide segment is anticipated to grab the largest market share during the forecast period on the back of superior permeability, selectivity, mechanical strength and high chemical stability of the material. Additionally, on the basis of application, the carbon dioxide removal segment is projected to occupy the most significant share over the forecast period attributing to the surge in demand for...